pensions tax relief

Government sets out plans to address low-paid anomaly in tax relief treatment

Reform of pensions tax would be hard, but some areas appear more generous than others

Policy has evolved substantially since the Finance Act 1921, says Jane Marshall

HMRC figures revealed the cost of pensions tax relief increased by more than £4bn in 2019/20

Pension body urges government to consider four key policy areas in 2021 Budget

While the benefits are obvious to the industry, they make little headway with savers, Cushon says

For incentives to work, they must be understood – and that is not the case, says Baroness Ros Altmann

The Treasury has ruled out any immediate changes to pensions tax relief, noting the “profound and far-reaching impacts” of an overhaul.

A quarter of savers are more likely to increase their pension contributions if they had a better understanding of the pensions tax relief system, according to research by Royal London.

The government’s much-awaited ‘Tax Day’ was met with little fanfare as predictions of cuts to higher-rate tax relief again failed to materialise.